Kyoto
- 31 Oct 2008 06:50
- 3 of 47
Morning all. Market reports:
Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money
The Bank of Japan cut its benchmark interest rate to 0.3 percent in a split decision to stem damage on the economy from the global financial crisis.
BOJ Cuts Rate to 0.3%; Shirakawa Casts Deciding Vote
Furthermore, fifteen of the FTSE 100 companies are now trading at less than half of their book value, with troubled Royal Bank of Scotland ranked the lowest.
One third of FTSE 100 trading at discount to book value
British companies could be hobbled by 45 billion-a-year demands from their pension trustees just as the country slides into a recession.
Final-salary pension funds need 45bn a year
The average price of a house in Britain is 30,000 less than it was a year ago, Nationwide said yesterday, with prices tumbling in the year to October at their sharpest rate since 1952.
Prices of homes dropping at fastest rate since 1952